Austal shares fall after appointing new boss of US business
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More news: Shares in Austal fell in afternoon trade after the shipbuilder announced the appointment of Eugene Miller as president of its US-based operations.
Shares tumbled 6.4% to $3.98 at 1:24pm AEST.
Austal names Eugene Miller as president of US arm
The news: Austal has appointed Eugene Miller as president for its US-based operation, Austal USA, having served in the role on an interim basis since February.
The context: Miller joined Austal USA in 2024 as vice president of operations before his appointment as the chief operation officer in May 2025.
Prior to joining Austal, he served at US navy shipbuilder General Dynamics Bath Iron Works for over 16 years, alongside serving as an amphibious ship program manager at Ingalls Shipbuilding.
Miller is tasked with leading an organisation of over 3,000 shipbuilding professionals based in Alabama, where he is responsible for all aspects of Austal USA’s order book, ship manufacturing and global support operations.
What they said: “His appointment will maintain momentum across key programs and strengthen the supply chain and customer relationships that support Austal USA’s performance,” Austal CEO Paddy Gregg said.
“He understands what it takes to grow Austal USA capabilities, deliver for our customers and position the business for long-term success.”
The source: ASX
